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Cable Update (GBPUSD)

  • #558,601
  • Nov 12, 2020 9:05am Nov 12, 2020 9:05am

......
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  • #558,602
  • Nov 12, 2020 9:09am Nov 12, 2020 9:09am
Quoting Wavegarrick
{quote} Hi Guys, A possible scenario with a retrace in mind towards my future daily pivot currently at 1.32364 ish. We could go into a bearish cycle. A bit too early to tell. Cheers. {image}
Hi Guys,
I have full bearish confirmation signals, but here's the thing. Asia was selling and London open continued selling. Not normal behavior in my opinion, with a healthy pullback towards my daily pivot. I managed to get one sell in at London open and locked in. I am looking for a decent retrace before I will consider more sell entries from a 4 Hr point of view.

Trade safe
Cheers.
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Trade to trade another day
  • #558,603
  • Nov 12, 2020 9:10am Nov 12, 2020 9:10am
imho its extremely risking to long atm as price could still fall below the 3118 support but good luck to those going long
Follow The Markets Structure - Patience and Discipline
  • #558,604
  • Nov 12, 2020 9:10am Nov 12, 2020 9:10am
Quoting kuroro001
{quote} Indeed and i've seen you were bullish usdcad like me....its paying off nicely so far
I rarely ever touch UC, but since it was close to such an important support level, it was hard to ignore it.
Everyone can see the chart, but only a few can actually read it.
  • #558,605
  • Nov 12, 2020 9:13am Nov 12, 2020 9:13am
What do you do w/your Spare time,
Waiting for your trade's to "CooK"...? !

G.U. going to have to "float back" towards the open,
on a "Survival Raft" & Separate itself from 'SucK-Dow',
and G.J. getting pulled by the teeth, like a horse in the mud.

We shall see...
1st Entry: Stopped out with pennies...
2nd Entry: Let's see again:
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'Best of 'Pipping' all...
Jeff out
I will work to Objectively Identify my Edges
  • #558,606
  • Nov 12, 2020 9:17am Nov 12, 2020 9:17am
Quoting pipfarm
{quote} 1933 resistance became support , current support failed to break , so resistance might be tested and i do not think that pattern is a triangle, from the 4 hour it has a single swing up then 3 down then the next moving up, triangles move in 3s, this is not something i would trade as i only look for trades moving with the larger degree swing or trend so if i was trading gold i would wait for the move up before going short with confirmation. Look at the pattern you think is a triangle on the 4H , in particular look at the 3 swings down ,note...
Great to hear another point of view, sure i never trade someone else’s idea or set up, however, I like to hear other opinions in order to look at things from different perspective.
  • #558,607
  • Nov 12, 2020 9:19am Nov 12, 2020 9:19am
EG crawling up towards 9000 again...might be a good opportunity for a scalp short there.
Everyone can see the chart, but only a few can actually read it.
  • #558,608
  • Nov 12, 2020 9:21am Nov 12, 2020 9:21am
Waiting for 1.3112, a buy limit is waiting there
  • #558,609
  • Nov 12, 2020 9:35am Nov 12, 2020 9:35am
Quoting OnlineAddict
EG crawling up towards 9000 again...might be a good opportunity for a scalp short there.
You are a good trader mate, with nice vision.
Data + Stat + Risk/Emotions Management
  • #558,610
  • Nov 12, 2020 9:38am Nov 12, 2020 9:38am
Quoting fxmasterdxb
Waiting for 1.3112, a buy limit is waiting there
I'll be 'Surprised that doesn't happen... (Your Entry).
-Throw me a Life Preserver if it does. (Your Long).

I'll hopefully quit talking to "Wilson" in the Open Sea here...
I will work to Objectively Identify my Edges
  • #558,611
  • Nov 12, 2020 9:43am Nov 12, 2020 9:43am
Quoting pipfarm
3 of the worlds most influential people in finance speaking at the same time, anyone have an idea of what might happen
Check my chart price will arrive 261.8 fibo
  • #558,612
  • Nov 12, 2020 9:45am Nov 12, 2020 9:45am
Quoting General Lee
...... {image}
GL, and how do you call this pattern?
Always trade your own plan...I don't provide trading signals.
  • #558,613
  • Nov 12, 2020 9:47am Nov 12, 2020 9:47am
Quoting Wavegarrick
{quote} Hi Guys, I have full bearish confirmation signals, but here's the thing. Asia was selling and London open continued selling. Not normal behavior in my opinion, with a healthy pullback towards my daily pivot. I managed to get one sell in at London open and locked in. I am looking for a decent retrace before I will consider more sell entries from a 4 Hr point of view. Trade safe Cheers. {image}
G/u From 1.31440 MR1 short is on Take p/l at 61.8 fib 1.3043 and then hope fully LONG . I hope that helps
cheers
  • #558,614
  • Nov 12, 2020 9:52am Nov 12, 2020 9:52am
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yes yes yes
  • #558,615
  • Nov 12, 2020 9:57am Nov 12, 2020 9:57am
Quoting pipfarm
{quote} 1933 resistance became support , current support failed to break , so resistance might be tested and i do not think that pattern is a triangle, from the 4 hour it has a single swing up then 3 down then the next moving up, triangles move in 3s, this is not something i would trade as i only look for trades moving with the larger degree swing or trend so if i was trading gold i would wait for the move up before going short with confirmation. Look at the pattern you think is a triangle on the 4H , in particular look at the 3 swings down ,note...
By the way, the upper trend line breached, tested 3 times before continuing up, i took a long after failing to the third time
now im still maintaining my bearish sentiment, im longing to 1904 (if we get there) and will look for best place to short
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  • #558,616
  • Nov 12, 2020 10:22am Nov 12, 2020 10:22am
Quoting D1n3r0
{quote} You up good bro. Take the money off the table and wait for the next hour. Don’t give back what you earned
ty my friend .
you save me 50 pips loss.
instead i switched to long eu and gained 20 , not much but it's better from losing .
i will buy a break of 1.31436 to 1.31700/800 area for 30/40 pips
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yes yes yes
  • #558,617
  • Nov 12, 2020 10:26am Nov 12, 2020 10:26am
Quoting Arief-
{quote} may I to join {image}
Stop -10p & Reentry 1.3127 SL 1.3105 -20p

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#MyLastChance
  • #558,618
  • Nov 12, 2020 10:26am Nov 12, 2020 10:26am
I'm out of my shorts on gbpusd, but I do believe there is space on the way down.
Risk Management is of utmost importance!
  • #558,619
  • Nov 12, 2020 10:28am Nov 12, 2020 10:28am
Just keeping it simple.
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Le$$ I$ More
  • #558,620
  • Nov 12, 2020 10:48am Nov 12, 2020 10:48am
Quoting OnlineAddict
{quote} All those speeches might turn into non-events, not having my hopes up for a clear directional move.
And so they did.
Everyone can see the chart, but only a few can actually read it.
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